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Home > Trade News > MeadWestvaco Corporation formed a Joint Venture with Corrugated box manufacturer Wadco Packaging Pvt Ltd.
MeadWestvaco Corporation formed a Joint Venture with Corrugated box manufacturer Wadco Packaging Pvt Ltd.
 
MeadWestvaco Corporation formed a Joint Venture with Corrugated box manufacturer Wadco Packaging Pvt Ltd.
MeadWestvaco Corporation recently declares a joint venture (JV) with corrugated box manufacturer Wadco Packaging Pvt Ltd by acquiring a 51 per cent equity stake in the company. The MWV Wadco JV will extend the proven corrugated packaging design, manufacturing and technology capabilities of Wadco and MWV to Indias local fresh produce market, where there is a 40 per cent value loss of the produce before it reaches the market due to inefficient post-harvest practices, processing and handling. The JV, a first of its kind in India, will help eliminate waste and strengthen supply chain efficiency by protecting products during transport to the local Indian marketplace. "Wadcos, manufacturing capabilities and on-the ground expertisie combined with MWVs advanced packaging technology will provide solutions that meet the business challenges of the Indian market place," said Bruce Thomas, Senior vice president, Global Market Strategy and Emerging Markets, MWV.

Posted On : 11/22/2008 4:28:56 PM

 
 
 
MeadWestvaco Corporation formed a Joint Venture with Corrugated box manufacturer Wadco Packaging Pvt Ltd.